Originally Posted by
Golden Fleece
This morning in the Big Brother House
Proceedings resumed with defence counselDonald Findlay QC continuing his cross-examination of Crown witness Ross Bryan
Bryan told the court yesterday that in 2010he was an investment manager at Ticketus
Bryan confirms that it was Ticketus whowanted "third party funding" mentioned in the agreement between Whyteand Murray group
Witness says Ticketus wanted "the clubto perform" so it continued to sell season tickets
Findlay notes normal process with 3rd partyfunding is to put money in an "escrow" account until deal iscompleted. Bryan agrees
Findlay "It's not going to be someonehanding over £20m in a suitcase?" Bryan "No"
Findlay before Whyte did you know AndrewEllis and Chris Akers were interested in buying Rangers? Bryan "Yes"
Findlay "Did a member of theInvestment committee make inquiries about Akers and Ellis? "He said hewould speak to contacts in Scotland"
Findlay "Do you remember telephonecall from William Murdoch about people buying Rangers?"
Findlay "It would seem a littledifficult to square a high degree of confidentiality with a conversation on agolf course"
Bryan asked if he knows a Paul Hassal?"Yes" Do you remember email exchange? Yes"
Bryan says Hassal "Made an inquiryabout doing a deal with Ticketus?" Did he know about the Craig Whyte dealwith Rangers? Bryan "Yes"
Findlay Two people outside the deal knewabout it? Bryan "Unfortunately, yes"
Bryan "I got cold called once bysomeone who knew about the deal with Rangers and asked if interested in anotherScottish club"
Findlay uses a hypothetical company"Micky Mouse ltd" to suggest Wavetower guarantee was"worthless" as it had no assets
Findlay to witness "Do try and helpme, I know it's all very tedious"
Findlay "orginally Murray wanted £5mfor shares, eventually given away for nothing" Bryan "This coincidedwith discussion of the tax case
Findlay asks about tax cases "when didTicketus get wind of them?" Bryan: Didn't come up in due diligence, foundout in April/May
Bryan "Normally you would expect thesethings to be disclosed, should have been in initial data room."
Court shown email, 5 April 2011, fromwitness to Phil Betts, David Grier and others titled "Tax case hurdleinfo"
Bryan confirms Grier was assisting Whytewith the tax cases . His company later became Duff and Phelps, administratorsof Rangers
Findlay 'If Grier said later he didn't knowabout Ticketus that would be an absolute lie?" Bryan "Would be hardto believe"
Fin